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(Edaily reporter Lee Joo-young) The U.S. 10-year Treasury yield is falling after falling to its lowest level in more than a year.
On the 5th local time, the yield on the 10-year U.S. Treasury bond was 3.756%, down about 4bp from the previous trading day.
The 2-year bond rate is 3.84%, down 3 basis points.
After the opening of the day, fear of a recession continued, the Nasdaq index plummeted by more than 6%, and the 10-year Treasury yield fell by more than 11 basis points to 3.668%, the lowest level since June 2023.
Jim Reid, a strategist at Deutsche Bank, noted that “the disappointing employment indicators released on the 2nd are a major negative for global stocks, but some distortions in the indicators must be taken into account given the impact of Hurricane Beryl.”
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